Correlation
The correlation between OARDX and SPY is 0.92, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
OARDX vs. SPY
Compare and contrast key facts about Invesco Rising Dividends Fund (OARDX) and SPDR S&P 500 ETF (SPY).
OARDX is managed by Invesco. It was launched on Apr 30, 1980. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: OARDX or SPY.
Performance
OARDX vs. SPY - Performance Comparison
Loading data...
Key characteristics
OARDX:
0.69
SPY:
0.70
OARDX:
0.99
SPY:
1.02
OARDX:
1.14
SPY:
1.15
OARDX:
0.67
SPY:
0.68
OARDX:
2.62
SPY:
2.57
OARDX:
4.09%
SPY:
4.93%
OARDX:
17.26%
SPY:
20.42%
OARDX:
-46.22%
SPY:
-55.19%
OARDX:
-2.15%
SPY:
-3.55%
Returns By Period
In the year-to-date period, OARDX achieves a 2.45% return, which is significantly higher than SPY's 0.87% return. Both investments have delivered pretty close results over the past 10 years, with OARDX having a 12.61% annualized return and SPY not far ahead at 12.73%.
OARDX
2.45%
4.90%
-1.24%
10.89%
12.02%
14.17%
12.61%
SPY
0.87%
5.54%
-1.56%
13.18%
14.25%
15.81%
12.73%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
OARDX vs. SPY - Expense Ratio Comparison
OARDX has a 1.00% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
OARDX vs. SPY — Risk-Adjusted Performance Rank
OARDX
SPY
OARDX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Rising Dividends Fund (OARDX) and SPDR S&P 500 ETF (SPY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Loading data...
Dividends
OARDX vs. SPY - Dividend Comparison
OARDX's dividend yield for the trailing twelve months is around 12.45%, more than SPY's 1.22% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OARDX Invesco Rising Dividends Fund | 12.45% | 12.72% | 7.64% | 6.04% | 12.60% | 2.51% | 4.06% | 9.14% | 9.74% | 6.05% | 7.43% | 9.46% |
SPY SPDR S&P 500 ETF | 1.22% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
OARDX vs. SPY - Drawdown Comparison
The maximum OARDX drawdown since its inception was -46.22%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for OARDX and SPY.
Loading data...
Volatility
OARDX vs. SPY - Volatility Comparison
The current volatility for Invesco Rising Dividends Fund (OARDX) is 4.11%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.86%. This indicates that OARDX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading data...